Institution: New York State Teachers’ Retirement System
Headquarters: Albany, US
AUM: $109.5 billion
Allocation to alternatives: 26.2%
New York State Teachers’ Retirement System approved $475 million-worth of private debt commitments between April and June, according to the pension’s July board meeting minutes.
The commitments comprised $200 million to Blue Torch Credit Opportunities Fund II; $100 million apiece to MGG Investments’ SF Evergreen Fund and Special Opportunities Fund; and $75 million to Peninsula VII.
The $109.5 billion US public pension has a 1 percent target to private debt that currently stands at 0.6 percent.
As illustrated below, NYSTRS’ private debt commitments tend to focus on North American corporate debt vehicles targeting subordinated or mezzanine lending.
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